UBS Maintains Neutral on Range Resources, Lowers Price Target to $44
UBS analyst Josh Silverstein maintains Range Resources (NYSE:RRC) with a Neutral and lowers the price target from $49 to $44.
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Truist Securities Maintains Hold on Range Resources, Lowers Price Target to $43
Truist Securities analyst Gabe Daoud maintains Range Resources (NYSE:RRC) with a Hold and lowers the price target from $45 to $43.
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Shares of oil and gas exploration and production companies are trading lower as API data indicating a U.S. crude inventory weekly increase and EIA data showing that gasoline and distillate stored volumes grew since last week are pressuring stocks that have heavier exposure to the North American physical energy market. Also, reports suggesting Saudi Arabia is making efforts to get crude exports moving are dampening oil prices.
Barclays Maintains Equal-Weight on Range Resources, Raises Price Target to $42